Based on the last 12 Balance of Trade events in United States, we expect USDCHF to trend downwards. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend downwards for 4 hours because the released value is < $-53.5B. A price movement of 8 pips is expected. Historical events that allowed us to draw this conclusion
02 Aug 12:30 |
06 Jun 12:30 |
06 Mar 13:30 |
06 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
